Estate Planning Attorney | Gibbs Law – Fort Myers, FL

Estate Planning Changes for Floridians in 2022

gibbslawfl — Tue, 15 Feb 2022 17:33:08 +0000

Oftentimes, people use the term “estate planning” and “elder law” interchangeably. In fact, you’d be surprised how many Floridians confuse elder law with estate planning. Although both have a wide range of related factors, they are fundamentally and legally different. Today, the increase in average lifespan means people need to think about their standards of […]

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Bitcoin, Cryptocurrencies and Your Florida Estate Plan

gibbslawfl — Fri, 28 Jan 2022 18:23:22 +0000

Whether it’s famous cryptocurrencies or blockchain tokens, there is no restriction on how much you can hold it. Although it is an excellent way to maintain wealth, it can also pose issues involving security. In certain casesm it even adds more complexities when it comes to transferring and gifting crypto wealth. And this is where […]

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The NFA Gun Trust in Florida [Rules After July 2016]

gibbslawfl — Fri, 08 Oct 2021 13:28:00 +0000

You may know that handling firearms wisely involves some important steps such as participating in gun safety training and purchasing secure gun storage. However, you may not know that handling your firearms wisely also concerns your estate planning and how your firearms are titled. You see, guns are an asset and depending upon the collection, […]

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Using a Spousal Lifetime Access Trust (SLAT) in Florida

gibbslawfl — Tue, 05 Oct 2021 15:31:52 +0000

With the prospect of a reduced federal estate tax exemption looming in the near future, taxpayers are considering tax-mitigation strategies that capitalize on today’s record-high exemption. Asset protection, or protection from potential lawsuits, is also top of mind in today’s litigation prone landscape. For these reasons, spousal lifetime access trusts—or “SLATS”— in Florida are fast […]

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Florida Asset Protection [An Ultimate Guide]

gibbslawfl — Thu, 16 Sep 2021 15:28:46 +0000

Asset protection is about protecting the “stuff” that you have worked so hard to accumulate. It sounds simple and yet the idea of protecting your stuff may mean very different things to different people. This article will attempt to simply this concept by first defining what asset protection is as a critical part of a […]

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Florida Asset Protection [A Key Part of Your Florida Estate Plan]

gibbslawfl — Thu, 16 Sep 2021 15:06:43 +0000

If your plan does not include asset protection in Florida, you may not have a complete estate plan or, what we refer to as, a 360 degree estate plan. Asset protection in Florida and estate planning in Florida are different sides of the same coin and this article will address why a one sided coin or incomplete […]

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Trust Planning Strategies for Wealth Tax Increases

gibbslawfl — Tue, 07 Sep 2021 20:11:27 +0000

PLANNING AHEAD FOR LIKELY FEDERAL ESTATE TAX INCREASES Since the Tax Cuts and Jobs Act (TCJA) took effect in 2018, federal estate taxes have been deemphasized in estate planning. The TCJA more than doubled the federal estate tax exemption—from $5.49 million to $11.18 million. As a result, only about one in 1,000 deceased Americans have […]

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Estate Tax Planning and Using A-B Trusts for High Net Worth Estates

gibbslawfl — Tue, 24 Aug 2021 13:41:24 +0000

Careful estate tax planning maximizes the legacy you leave for the next generation and minimizes the transaction costs of administration and asset transfers, and when planning concerns high net worth estates, tax planning becomes critical. With substantial tax exemption changes on the horizon, there is now an even greater sense of urgency to take advantage […]

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HIPAA and Medical Privacy Concerns in the Era of Covid-19

gibbslawfl — Tue, 27 Jul 2021 23:55:40 +0000

Since its dramatic entrance on the national scene in early 2020, COVID-19 has precipitated some monumental societal changes. COVID vaccinations in particular have raised some important questions relating to healthcare privacy. Can an employer compel an employee to divulge his or her vaccination status? Or to get the vaccine? Can governments force citizens to receive […]

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Establishing Florida Residency [Key Steps and Considerations]

gibbslawfl — Thu, 10 Jun 2021 17:51:25 +0000

Ever since air conditioning became affordable for ordinary people, Florida’s warm weather has been attracting new residents. The tumult of 2020 seems to have accelerated that trend, with only Texas picking up more new residents. When it comets to establishing Florida residency, there are plenty of factors underlying Florida’s popularity, and not just the sunshine. […]

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